Is MDU Resources Group (MDU) overvalued or fairly valued?

MarketChacha shows MDU Resources Group's valuation in context — a trailing P/E of about 31.4, a forward P/E of about 19.3, a price-to-book of about 1.5 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does MDU Resources Group's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.48×) from reported figures — education, not a rating.

What is MDU Resources Group's revenue?

MDU Resources Group reported revenue of $1.9B for FY2025, with net profit of $190.4M, per official filings.

What is the share price of MDU Resources Group (MDU)?

MDU Resources Group last traded at $20.44 (-0.6% on the day), as of 8/18/2026 — a delayed quote shown for education, not investment advice.

MDU Resources Group

MDU · NYSE · Utilities · United States

Snapshot

TickerMDU

ExchangeNYSE

SectorUtilities

IndustryUtilities - Regulated Gas

CountryUnited States

Employees2,096

HeadquartersBismarck, United States

Websitewww.mdu.com

Filings tracked18

About MDU Resources Group

MDU Resources Group, Inc. engages in the regulated energy delivery businesses in the United States. The company operates through three segments: Electric, Natural Gas Distribution, and Pipeline. It generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming through approximately 3,400 miles of transmission and 4,900 miles of distribution lines, as well as 86 transmission and 299 distribution substations. The company also distributes natural gas in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming through approximately 22,000 miles of distribution and 540 miles transmission systems; and supplies related value-added services. In addition, it provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions; and cathodic protection non-regulated energy-related services. Further, the company offers transportation and storage services. MDU Resources Group, Inc. was incorporated in 1924 and is headquartered in Bismarck, North Dakota.

Who owns it

Insiders0.4%
Institutions94.6%
Public & other5.0%

561 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.13.36%
Barrow, Hanley Mewhinney & Strauss, LLC6.38%
Vanguard Portfolio Management LLC6.20%
Dimensional Fund Advisors LP5.10%
Earnest Partners LLC4.75%
Vanguard Capital Management LLC4.60%
State Street Corporation3.60%
Bank of America Corporation2.97%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 12.7 points over the period — profitability is trending down.

Cash conversion1.48×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend23.0% → 10.2%

Margin has compressed by about 12.7 points over the period — profitability is trending down.

Return on equity6.9%

Latest ROE of 6.9% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 2% · PAT -32%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $637.1M · EPS 0.39

Est. earnings growth +4.2%

Next fiscal year

Rev $2.1B · EPS 1.06

Est. earnings growth +8.1%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$1.9B

Net margin

10.2%

ROE

6.9%

Revenue CAGR (2y)

+1.6%

Profit CAGR (2y)

-32.2%

EPS (FY2025)

0.93

Net profit (FY2025)

$190.4M

Ask MarketChacha about MDU

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.9B	$190.4M	0.93	10.2%	6.9%
FY2024	$1.8B	$281.1M	1.37	16.0%	10.4%
FY2023	$1.8B	$414.7M	2.03	23.0%	14.3%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$372.9M	$21.2M	0.10	5.7%
2026Q1	$599.3M	$80.8M	0.39	13.5%
2025Q3	$313.6M	$18.3M	0.09	5.8%
2025Q2	$348.7M	$13.8M	0.07	4.0%
2025Q1	$678.0M	$82.0M	0.40	12.1%
2024Q3	$290.7M	$64.6M	0.32	22.2%
2024Q2	$343.1M	$60.4M	0.30	17.6%
2024Q1	$588.2M	$100.9M	0.49	17.2%
2023Q3	$991.3M	$74.9M	0.37	7.6%
2023Q2	$1.1B	$130.7M	0.64	12.1%
2023Q1	$1.4B	$38.4M	0.19	2.7%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/6/2026material
10-Q filing
SEC8/6/2026
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC5/13/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC5/7/2026material
10-Q — MDU RESOURCES FORM 10-Q
SEC5/7/2026
10-K filing
SEC2/20/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/5/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC1/16/2026material

2025

8-K — Material agreement, Other events, Exhibits
SEC12/29/2025material
8-K — Material agreement, Completion of acquisition/disposition, Exhibits
SEC12/12/2025material
8-K — Material agreement, Other events, Exhibits
SEC12/5/2025material
8-K — Reg FD disclosure, Exhibits
SEC11/20/2025material
10-Q — MDU RESOURCES FORM 10-Q
SEC11/10/2025
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC11/6/2025material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC8/13/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/7/2025material
10-Q — MDU RESOURCES FORM 10-Q
SEC8/7/2025
8-K — Material agreement, Exhibits
SEC8/7/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.